Peter Ng Yee-ming, vice president of finance at Malaysia National Insurance, spoke with FinanceAsia about the constraints on domestic insurers' investment policy. The M$7 billion $1.84 billion MNI is the largest Malaysian-owned insurance company, with both general and life businesses. Its main shareholder is Pramodian Nasional PNB, a social fund dedicated to Malays, and MNI's business caters primarily to middle- and lower-class bumiputra.
What difficulties do you face in matching liabilities
Ng Our non-life insurance business is OK because its liabilities are short term. It's harder for the life side, where our average liability is 18 years, but our average assets are only seven...
